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Search Results 0 to 7 of about 8 (some duplicates have been removed)
of those things need to be in play. when john boehner talks about raising revenue he's willing to do that if it only comes in the form of tax reform, not raising tax rates, but actually lore erring tax rates, closing loopholes, broadening the base and you will get more money coming into the treasury. the other part of the equation that is so important which has not been part of the public conversation is cutting spending, not just slowing the rate of growth but actually cutting spending to try to get this deficit under control. i know the republicans don't control the narrative on this but i want to hear more from them on that side of the equation. jon: julie our nodding your head you must agree. >> i think both sides need to come to the table. enough already with these sort of, you know, showmanship, game man ship, these are people's lives that are at stake in this economy. monica is right in that the president does control the upper hand at this point. if nothing is done all the bush tax rates will expire. you have exit polling coming out of the recent election saying two-thirds of
boehner, the president proposed $800 billion in new tax revenues. but now, he is seeking twice that. $1.6 trillion in new taxes over the next ten years. that's a bitter pill for republicans to swallow. speaker boehner has called raising tax rates on anybody unacceptable. but he hasn't ruled out limiting deductions and closing loopholes. and that could be the outline of a possible deal. >> if you looked closely at what the president had to say, looked closely at what i have had to say, there are no barriers here to sitting down and beginning to work through this process. >> reporter: but if they don't come to a resolution, beginning january 1st, the economy could be thrown back into recession. and households making $70,000 a year could see their taxes increase over $4,000. the president said he is open to new ideas. and if republicans have a way to raise taxes on the wealthy without raising rates, he wouldn't slam the door on them. george? >> the dancing begins. jon, thanks very much. >>> let's get to josh and the mounting violence in the middle east. >> as we all slept, we're going to b
are they willing to do. there is concern in the far right flank that speaker john boehner will raise tax rates for the top 2 percent. they want to preserve tax cuts for every tax bracket. no one is sure that the speaker is doing that. they are not discussing giving in on the top 2 percent but i don't think that is a promise they will keep. we'll have to wait and see. i know that they wanted entitlement reform on the table if not right now, a promise that we'll get to it in the new year and overall tax reform. those are the demands from the republican side. >> heather: what about spending cuts in terms of democrats? >> there is another hard issue. democrats are going to try to hold as much on spending cuts, but they know that the cuts have to be part of the deal. you can't get republicans along were anything unless there is something on that side. how far are democrats willing to go? on spending cuts and overhauling entitlement reform which is the main driver of the nation's debt. you may see a deal where there is tax increase if democrats are willing to go much further on entitlement reform an
speaker boehner said and said, look, let's work on closing these loopholes and deductions. that is common ground. there's no reason why -- >> that would raise taxes on people. this is where you get this fight in the republican party. because if your taxes go up but your tax rate doesn't go up, is that a sell republicans can live with? >> it depends how it's mixed up. we don't want to raise the tax rate. if you're closing loopholes and broadening the base, lowering the rate, then i think we could get there. >> you signed groemp norquist's pledge i'm going to assume because pretty much every congressman did. >> yes. >> would you be fine doing a compromise where you would go against your signature on that pledge. if you felt there was a compromise on the table -- >> i do not -- i do not -- >> to the pledge -- dramatic, wasn't it? >> it was dramatic. >> but i need these notes so i'm going to put them back like that. >> i do not intend to do that. i want to fight for the principles i believe in. i, too, was elected, and i think that's part of the give and take. >> grover norquist was not elect
Search Results 0 to 7 of about 8 (some duplicates have been removed)